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$ 432,000
Est. payment | /mo
12,500 SqFt
$ 432,000
Est. payment | /mo
12,500 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 12,500 sqft
Price per Sqft $34
MLS Listing ID 12340728
Year Built 1956
Tax Year 2022
Lot Size 0.280 Acres
Lot Dimensions 100X125
Property Sub-Type Industrial
Property Description
Now available as a pre-foreclosure short sale, 7920 S Greenwood Ave presents a rare opportunity to acquire a substantial commercial property in the heart of Chicago's vibrant Chatham community. This 12,500-square-foot facility is being sold strictly as-is, with no survey or disclosures provided. Power, heat, or water will not be activated for inspections or appraisal. All offers must be submitted with proof of funds and a pre-approval letter. Taxes will be prorated at 100%, and all earnest money must be in certified funds. Any existing or future City of Chicago violations, as well as the removal of any trash, debris, or remaining contents, will be the sole responsibility of the buyer. Please note: property details such as room count and lot size are not guaranteed. Formerly an adult day care center, the property underwent a remarkable transformation in 2021 and now serves as a dynamic hub for businesses in technology, product manufacturing, and consulting. The southern wing offers two renovated office suites, a newly constructed executive office, a refreshed mail/IT room, and a converted library that now functions as a state-of-the-art multimedia conference room for teams of 8-12. A fully equipped kitchen enhances usability, while a spacious artisan manufacturing area connects to a large garage with a roll-up door and capacity for 10+ vehicles. Two updated bathrooms add style and convenience. The northern side of the building features two expansive offices, a welcoming lobby, and a vast open space ideal for large conferences or custom build-outs. Two additional bathrooms and raw, unrenovated space offer even more potential for co-working or creative expansion. Recent updates include roof repairs, tuckpointing and masonry work, a new water heater, upgraded plumbing with four new toilets, and newly installed doors that elevate the feel of the lobby and conference areas. Whether you're an entrepreneur, startup, or non-profit visionary, this property offers unlimited potential to build something extraordinary. Sold as-is under short sale terms-this is your chance to secure a bold, adaptable space and shape it into something truly impactful.
Location
State IL
County Cook
Area Chi - Chatham
Zoning COMMR
Interior
Cooling Central Air
Flooring Tile
Fireplace N
Exterior
Roof Type Other
Building
Dwelling Type Industrial
Level or Stories 1
Structure Type Concrete,Block,Brick,Other
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Monica Poland • RE/MAX 10 Lincoln Park
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Lenny Feil
Broker-Owner | Lic# 471005412